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Update: Gold price reaches the historical high

Economies.com
2024-08-02 12:40PM UTC

Gold price resumes its positive trading to reach the threshold of the waited target at 2483.40$, and it is important to monitor the price at this level, as breaching it will lead the price to visit 2500.00$ as a next positive station, while consolidating against the current bullish rally might cause strong sell-offs that target visiting 2420.00$ and might extend to 2380.00$ areas.

Update: The EURUSD attacks the resistance

Economies.com
2024-08-02 12:39PM UTC

The EURUSD price rallied upwards strongly to breach 1.0840$ level and attempts to hold above it, to hint the attempt to turn to rise and stop the bearish correction that dominated the recent trades, noting that surpassing 1.0880$ will confirm the continuation of the positive trades for the rest of the day and open the way to head towards 1.0947$ as a next positive station, while trading below 1.0840$ again will reactivate the negative scenario that its next main target reaches 1.0732$.

Update: Brent oil price activates the negative scenario

Economies.com
2024-08-02 12:22PM UTC

Brent oil price declined strongly to break 80.75$ support line and reach 79.70$ level direct, noticing that the price attempts to break this level to hint heading to achieve more expected decline in the upcoming period, as the next negative target reaches 77.75$ areas, taking into consideration that failing to confirm breaking 79.70$ might push the price to build bullish wave that targets visiting 81.40$ areas initially.

Update: Crude oil price breaks the support

Economies.com
2024-08-02 12:22PM UTC

Crude oil price broke 77.24$ level strongly to turn to decline and approach 75.48$ level, and the way seems open to surpass this level and suffer additional losses that reach 74.20$ as a next negative station, noting that the expected decline will remain valid unless breaching 77.24$ and holding above it again.